The answer is In-person interviews. Interviewers need to know whether you can deal with the fundamental duties of the part. They will probably make numerous inquiries to this impact amid the in-person meet. They're keen on the abilities you have and your pertinent work involvement.
Answer and Explanation:
The preparation of the balance sheet is as follows:
Assets
Accounts receivable $3,300
Cash $6,310
Supplies $3,880
Equipment (net) $109,800
Inventory $2,940
Total assets $126,230
Liabilities and stockholder equity
Accounts payable $4,100
Interest payable $580
Unearned service revenue $820
Salaries and wages payable $850
Notes payable $31,500
Common stock $50,400
Retained earnings (balancing figure) $37,980
Total Liabilities and stockholder equity $126,230
Question: The question is incomplete. See the full question below and the answer.
You are an up-and-coming developer in downtown Seattle and are interested in constructing a building on a site you own. You have collected four bids from prospective contractors. The bids include both a cost ($millions) and time to completion (months):
Contractor Cost Time
A 100 20
B 80 25
C 79 28
D 82 26
The problem now is to decide which contractor to choose. B has indicated that for another $20 million, he could do the job in 18 months, and you have said that you would be indifferent between that bid and the original proposal. In talking with C, you have indicated that you would just as soon pay her an extra $million if she could get the job done in 26 months. Who gets the job? Explain your reasoning. (It may be convenient to plot the four alternatives on a graph.)
Answer:
See the explanation for the answer and find attached of the graph.
Explanation:
So we draw a regression line of Time vs Cost and best fit a curve based on the data given, given in the above figure. The four alternatives are marked in the figure as well. Our main objective is to reduce both time and cost, but that might not be possible So the best thing would be to look for alternatives which lie below the line. If C gets an extra million, then that point would come below the regression line, and it would be a better alternative than D, because for the same time we are getting the job done at a cheaper cost.
Also if B is paid extra 20 million, that point also comes below the regression line, and hence will be a better alternative than A because for the same cost again we are getting the job done earlier. We need to choose between B and C. Now in order to optimise both cost and time, we need to choose a point close to the middle point of the regression line segment in 1st quadrant. We see that C is much more closer to the middle point and hence seems like a better option.
So we choose C as our contractor if we consider B's alternative bid, but if we do not consider B's alternative bid and stick to the original one, we choose B as our contractor.
Answer:
C. The lessee is not expected to exercise the option to purchase the leased asset.
Explanation:
On January 1, Year 5, Company A leased a customized forklift to Company B (lessee) for a lease term of 10 years. The lease includes an option for the lessee to purchase the leased asset at the end of the lease term. The expected residual value of the forklift at the end of Year 10 is minimal and is not guaranteed. The present value (PV) of the sum of the lease payments is $70,000. Company A has classified the lease as a sales-type lease. Which of the following is not a criterion for the lessor to classify the lease as a sales-type lease?
A. The forklift is expected to have no alternative use to Company A at the end of the lease term.
B. The forklift’s remaining economic life is 11 years on the lease commencement date.
C. The lessee is not expected to exercise the option to purchase the leased asset.
D. The fair value of the forklift at the time of lease commencement is $75,000
A lease in a contract agreement in which the lessee pay the lessor after the use of an item such building, equipment, vehicle, etc. It is a contractual agreement between two people.
Sales type lease is a lease in which the price of the leased property at the beginning is different from the carrying amount and ownership is given back to the lessor at the end of the lease period. This type of lease exists when (a) the lease is not classified as operating and (b) the lessor gets both interest income and a profit (or loss) on the transaction. Therefore, the fair market value of the leased asset is more than the lessor’s cost to purchase the asset.
Answer:
correct option is a. Retiring the oldest bond
Explanation:
given data
currently cash = $19,378 (000)
issue stocks and bonds = $8,000 (000)
to find out
which activity exposes to the most risk of being issued an emergency loan
solution
we know that here generally firm issue bonds to rise funds and bonds is debt for company
firm pay dividend on bond and firm have ability to pay dividend for reflect financial position but when any shortage in cash that time it leads to short term emergency loans
entire inventory liquidating will lead additional cash so that no need of loan and any item and equipment is company choice that is not compulsion so no need emergency loans
so we can say that here correct option is a. Retiring the oldest bond expose company to most risk being issue emergency loan
